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Hoochie [10]
3 years ago
7

Price elasticity of demand refers to the ratio of the:

Business
1 answer:
Rudiy273 years ago
8 0

 

The ratio of the percentage change in the quantity demanded of a good to a percentage change in its price refers to the price elasticity of demand.

 

<span>To add, price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price, ceteris paribus.</span>

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On June 1, 2016, Skylark Enterprises, a calendar year LLC reporting as a sole proprietorship, acquired a retail store building f
fiasKO [112]

Answer:

Skylark Enterprises

The cost recovery is $___41,024___, and the adjusted basis for the building is $__358,976___

Explanation:

a) Data and Calculations:

Cost of retail store acquired = $500,000

Property acquisition date = June 1, 2016

Property disposal date = June 21, 2020

Length of use of property before disposal = 4 years and 21 days

Cost allocated to Land = $100,000

Cost allocated to Building = $400,000

Annual Depreciation expense = $10,256 ($400,000/39)

Cost recovery after 4 years = $41,024 ($10,256 * 4)

Adjusted basis for the building = $358,976 ($400,000 - $41,024)

b) The adjusted basis for the building is the cost of the building minus its accumulated depreciation for the number of years it has been in use.

4 0
3 years ago
Effective collaboration requires a proactive and holistic strategy that integrates business goals and technology potential. T/F
Whitepunk [10]

Answer:

True

Explanation:

Collaboration in organizations requires a strategy capable of using all the resources availables to reach the goals provided by the strategic planning. In a globalized world these goals need to be manage with speed and effciency, here is were the technology displays all the real potential of organizations.

4 0
3 years ago
Alexandra wants to play soccer &amp; also work at McDonald's. She cannot do both so she decides to play soccer. What is her oppo
Tanya [424]

Answer:

Opportunity cost is giving up the working at Mc Donald's

Explanation:

Opportunity cost is the term which is stated as the profit, value of something or the benefit which is given up for something in order to acquire or accomplish something else.

In this case, Alexandra wants to work at Mc D and play soccer. So, she decided to play soccer. Therefore, the opportunity cost is working at Mc Donald in order to play.

4 0
3 years ago
According to the midpoint method, the price elasticity of demand between points A and B is approximately (0, 0.6, 1.67, 22.5) .
kvv77 [185]

Because the demand between points A and B is inelastic, a $25-per-bike increase in price will lead to an increase, in total revenue per day.

in order for a price decrease to cause a decrease in total revenue, demand must be inelastic.

<h3>What is the price elasticity of demand? </h3>

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

When the coefficient of elasticity is less than one, it means that demand is inelastic. When demand is inelastic, it means that the quantity demanded is not sensitive to changes in price.

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

  • change in quantity demanded = 40 - 35 = 5
  • Average of both demands = (40 + 35) / 2 = 37.50
  • Midpoint change in quantity demanded = 5 / 37.50 = 0.133

Midpoint change in price = change in price / average of both price

  • Change in price = 100 - 125 = -25
  • Average of both prices = (100 + 125) / 2 = 112.50
  • Midpoint change in price = -25 / 112,50 = -0,222

Midpoint elasticity of demand =  0.133 /  -0,222 = 0.6

To learn more about price elasticity of demand, please check: brainly.com/question/18850846

7 0
2 years ago
Which type of detail can a technical writer use to support information in a draft's body? A. an interesting quote B. financial f
SCORPION-xisa [38]

Answer:

A

Explanation:

będzie scen im a cóż i kilka psople

5 0
3 years ago
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